shoreco, been eyeing ebay myself. Actually did a short last week and made a little. I do not get the moves in the internet stocks (maybe people on line a bit more during war, but I doubt it impacts revenues on ebay much). However TA wise pretty good looking rise, balance of power has been bery good, volume good for this market, little breakout here. It is way overextended. I have been watching it each timne it goes up 10 points to see if it's topping. I look at the chart and I say it's going to 80 soon. However you have to wonder if it's setting up a run for 100. If it keeps heading up I will be wtaching it in the 90's to see if it remains strong TA wise through that run. I thought a good swing trade would be to short at 90, and yeah maybe it goes to 100, but I bet it will hit 80 sometime in the next couple of months.
I was shorting a lot of internet stocks at the top and still manged to lose big on some of those trades.
So as always shorting is a matter of timing. I would like to wait for some sort of TA confirmation before touching a short, becuase the second it goes against me I will think it's going to 100, cover, and then it pukes. Of course if you want to short look at the YHOO boards and when to TO THE MOON, starts appearing, short at will. |
